Weak Demand Forces Extension of Potash Corp Shutdowns
Reuters Africa reported that Potash Corp. (NYSE:POT) will continue the temporary shutdown of its Saskatchewan potash mines.
Reuters Africa reported that Potash Corp. (NYSE:POT) will continue the temporary shutdown of its Saskatchewan potash mines.
Mineweb reported that Potash Corp (NYSE:POT) sees potash demand increasing after a slow start to 2012.
Bloomberg reported that shares of Israel Chemicals (TLV:ICL) dropped after Potash Corp (NYSE:POT) released disappointing results.
Reuters reported that Potash Corp. (NYSE:POT) projected lower earnings per share as demand for fertilizer fell.
Edmonton Journal reported that an analyst's downgrade of Potash Corp. (NYSE:POT) caused the company's shares to fall.
MarketWatch reported that Potash Corp (NYSE:POT) will extend a plan shutdown as potash prices continue to drop.
Globe and Mail reported that potash and fertilizer markets are having a negative impact on shares of Potash Corp. (NYSE:POT).
The CDN $15.4 billion class action suit against the federal government is just the latest in the fallout of the Canadian Wheat Bard dissolution. Farmers continue to operate despite the legal uncertainty surrounding the law.
Bloomberg reported that Potash Corp. (NYSE:POT) will temporarily shut down its Allan Mine due to slower demand.
After closing out 2011 on a low, many are hopeful 2012 will be a year for potash and phosphate producers. But despite strong long-term fundamentals, the uncertainties of 2012 appear unlikely to offer a quick turn around in the value of potash and phosphate prices or company values.
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